UAE Offshore Company

UAE Offshore - RAK Offshore

We provide offshore services in Ras Al Khaimah, UAE because it is by far the
most confidential and secure offshore location today. Ras Al Khaimah
represents a unique opportunity in the offshore world today. It has a number
of key advantages over other locations which, when combined, provide clients
with the most confidential and secure offshore solution available
anywhere.It has a state of the art banking sector to service its wealthy
indigenous, expatriate and offshore clientele.

OFFSHORE COMPANY FORMATION IN RAK
• Ras Al Khaimah (RAK) is one of the fastest growing emirates in one of the
fastest growing economies in the world, the UAE.
• The International Offshore Centre (known as "RAK Offshore") is a freezone
regulated by the the RAK Investment Authority (RAKIA).
• The freezone was established in 2006 offering the establishment of
International Business Companies along the lines of the traditional offshore
jurisdictions.
• Incorporating as an IBC in RAK can be done much speedier than in the other
UAE freezones and lacks the requirements that are typical in these freezones.
• The freezone will be located physically in RAK Financial City which is
currently under construction. A 40 minute drive north from Dubai
international airport.

MAIN FEATURES OF RAS AL KHAIMAH IBC's
• No local taxes
• International business company: may only have customers outside the
outside UAE
• Business: all types except insurance, banking, financial institution,
registered agent (unless licensed)
• Quick incorporation (1-2 days)
• Can benefit from tax treaty benefits under some of the 24 tax treaties it
has concluded
• Can open local bank account, invest in securities or funds tax free,
obtain mortgage for investment in UAE property
• Can own property in UAE freezones (after approval)
• Might be able to rent office space in RAK Financial City when available;
and employment visas might be available

RAK IBC features
• Corporate directors possible: yes
• Minimum number of directors: 1
• Secretary: optional
• Common seal: required
• Directors & Secretary: filed with Registrar of Companies
• Redomiciliation: possible in and out
• The registers kept by the Registrar of Companies are not available for
public inspection
• Name of company must end with "Ltd"
• These words shall not be included in the name: "Bank", "Trust Company”" or
"Trustee Company", "Assurance" or "Insurance", "Chamber of Commerce",
"Municipal" or "Municipality", "Emirate" or "Emirates"